Funding arb · Price arb /

SPCX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h +0.006%

Price spread now: tradeXYZ against Variational Omni−0.012%7-day average −0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 7 days−0.089%−$9 · spread now −0.012%, 7d avg −0.084%

Together, before fees−0.060%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.072% dearer against Variational Omni than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.084%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPCX	152.72	0.0089	pay 0.0089% / 8h	2h 10m	$6.0M	$2.8M	—
Short	tradeXYZ xyz:SPCX	152.70	0.0050	get 0.0006% / 1h	10m 02s	$130.3M	$129.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee tradeXYZbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$8.22
Price spread: −0.012% → −0.084%: $7.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; tradeXYZ: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 4 min ago	2.36 bp	doesn't fit	3.1 bp −$31	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.33 bp	9.3 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0187% / S +0.0435%	1h	152.69	−0.022%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0015%	8h	152.69	−0.019%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.78	+0.040%	$30.7M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.77	+0.034%	$96.2M	$31.9M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.80	+0.054%	$31.2M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+12.972%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.77	+0.034%	$301K	$2.8M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.87	+0.099%	$8K	$898K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	0.0000%	1h	152.72	+0.001%	$88K	$1.3M	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.83	+0.073%	$1.3M	$1.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SPCXUSD	+0.0018%	1h	152.58	−0.088%	$7K	$8K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.73	+0.008%	$1.6M	$7.4M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.71	−0.005%	$2.5M	$7.3M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.63	−0.058%	$105K	$297K	5x	as long as short
QFEX SPCX-USD	+0.0043%	1h	152.73	+0.008%	$1.2M	$5.5M	10x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.78	+0.040%	—	$1.2M	10x	as long as short
tradeXYZ xyz:SPCXshort	+0.0050%	1h	152.70	−0.012%	$130.3M	$129.1M	20x
Polymarket Perps SPCX-USD	+0.0050%	1h	152.70	−0.012%	$488K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.76	+0.027%	$1.7M	$96K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.79	+0.047%	$531K	$385K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.60	−0.077%	$3.2M	$2.3M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.78	+0.038%	$101	—	5x	as long as short
Variational Omni SPCXlong	+0.0089%	8h	152.72	long leg	$6.0M	$2.8M	—
Pacifica SPCX	+0.0100%	1h	152.68	−0.025%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.67	−0.032%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.74	+0.014%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.77	+0.034%	$15K	$7K	10x	as long as short
Nado SPCX-PERP	+0.0100%	1h	152.71	−0.003%	$613K	$801K	20x	as long as short
Binance SPCXUSDT	+0.0104%	8h	152.79	+0.047%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.74	+0.016%	$731K	$4.6M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.77	+0.036%	$89	—	10x	as long as short
edgeX SPCXUSDC	+0.0104%	4h	152.68	−0.025%	$1.7M	$891K	20x	as long as short
OKX SPCX-USDT-SWAP	+0.0116%	8h	152.82	+0.067%	$39.6M	$166.8M	75x	as long as short
Bullet SPCX-USD	+0.0130%	1h	152.77	+0.034%	$11K	$193K	10x	as long as short
RISEx SPCX/USDC	+0.0238%	1h	152.80	+0.054%	$409K	$513K	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.70	−0.012%	$731K	$938K	10x	as long as short
Phoenix SPCX	+0.0263%	1h	152.71	−0.005%	$444K	$266K	15x	as long as short
Aster SPCXUSD1	+0.0361%	8h	152.82	+0.067%	$18.9M	$24.8M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.70	−0.012%	$9K	$28K	5.5x	as long as short